... model is more flexible than prospect theory since it does not a priori assume what value of the portfolio induces risk aversion/seeking, while it does not a priori preclude linear preferences. Empirical results show that: investors are risk seeking; a change in the sign of preferences does...

... and panel data techniques. Findings The paper finds that the decision to use derivatives has no effect on firm valuation. However, the extent of derivatives use is associated with lower firm value. Hence, it seems that French investors do not assign a premium value to derivatives use. Practical...

...Hussein A. Hassan Al‐Tamimi; Al Anood Bin Kalli Purpose The purpose of this paper is to assess the financial literacy of the UAE individual investors who invest in the local financial markets. In addition, it examines the relationship between financial literacy and the influence of the factors...